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2021
Generator Sets Market

Generator Sets Market by Power rating (< 50 kVA, 50-125 kVA, 125-200 kVA, 200-330 kVA, 330-750 kVA, > 750 kVA), Fuel (Diesel, Gas, Hybrid), Application (Standby, Peak Shaving, Prime/Continuous), and End User (Residential, Commercial, Telecom, Healthcare, Data Centers, Educational Institutions, Government Centers, Retail Sales, Real Estate, Commercial Complex, Oil & Gas, Manufacturing, Construction, Electric Utilities, Mining, and Transportation & Logistics): Global Opportunity Analysis and Industry Forecast 2021–2030

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COVID-19

Pandemic disrupted the entire world and affected many industries.

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A generator is a gas or fuel powered device that works on the principle of rotational motion for producing temporary electricity. The mechanical energy is generally supplied by steam turbines, gas turbines, and internal combustion of fuel. They are widely used in industries, agricultural purpose, defense, science and technology and in daily life purpose. There are many variants of generator mainly divided into AC & DC generator. A generator is an alternating source of electricity that can adjust its outputs according to the load. Also, they are mainly used in the areas which are not developed where there is no arrangement of regular power supply. The global generator sets market is expected to grow because of ongoing rapid industrialization and development of residential and commercial sector. Growing digitalization results in more demand for electricity by the industries to perform their work.
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Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

   Power Rating, Application, End User, Fuel and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Caterpillar, Cummins, Rolls-Royce Holdings, Atlas Copco, Mitsubishi Heavy Industries, Ltd., Yanmar, Generac , ABB , Siemens Energy, Briggs & Stratton , Wärtsilä , Weichai Group , Kohler Co., Aksa Energy, Wacker Neuson, Greaves Cotton Limited, Multiquip Inc., Kirloskar Oil Engines Ltd., Denyo.

 

COVID-19 Impact analysis

  • Because of the outbreak of novel coronavirus, global economy has been going through a tough phase. The unexpected outbreak and rapid expansion of coronavirus has led to hamper many ongoing infrastructural projects, house construction and renovation projects. 
  • Apart from this, there has been an increase in demand for power supply in health care industry because of increasing number of cases hospitals are now running at full capacity day and night. Governments of various countries have been setting up temporary quarantine centers and hospitals. This has created all of a sudden rise in demand for continues power supply generators, which more than 750 kVa rated have been in demand for their power supply.

Top Impacting Factors
With the increase in technology, urbanization and use of automatic devices, demand has been increasing for generator sets. And to make devices work/run, electricity in needed. Therefore, from end-user industries, there has been an increase in demand for power generating systems. The use of bio-fuel generator that runs on gas and diesel, both is expected to grow. Diesel fuel generators are commonly used in houses and commercially. This affects the environment by increasing amount of carbon gases into the environment. Thus there has been increase in adoption of clean sources of energy from various countries. This will be a challenge for the generator market in future.
Market Trends

  • In developing countries such as India, where government is focusing on building of smart cities, hospitals and school, colleges. There is need for power supply backup for the construction work such as providing lights to the workers if working in night, to carry the construction materials. There is growth in construction industry power backups needed for the construction work. 
  • For on-site emergency power supply diesel generators have been in use for a longer period, but because of carbon emission, the government and environmental bodies are concerned about this. Manufacturers have been focusing on development of duel fuel generators, which run on both gas and diesel. As gas is cheaper and has low emission of carbon.
  •  With the increase in small scale industries like restaurants, shopping malls, and petrol pumps and also in emergency services like banks and ATMs, there is always a need for electricity and to avoid unexpected chances of electricity cut off, they need to have a backup always, which increases the demand for generators, specifically one with low capacity. 
  • In telecom industry, generators pay a huge role because companies have to set up their towers in both rural and urban areas but in rural areas there are more chances off electricity interruption. And towers have to work all the time, so companies buy generators in huge amount specifically for use in rural areas.
  • For household purpose, there is a large market demand for small capacity generators for power backup purpose. Because in case of electric grid failure or any natural disaster, people have their own power supply backup. 

Key Segments Covered

 

Segment

Sub-segment

  Power Rating

  • < 50 kVA
  • 50-125 kVA
  • 125-200 kVA
  • 200-330 kVA
  • 330-750 kVA
  • > 750 kVA

  Application

  • Standby
  • Peak Shaving
  • Prime/Continuous
  • Others

  End User

  • Residential
  • Commercial
  • Telecom
  • Healthcare
  • Data Centers
  • Educational Institutions
  • Government Centers
  • Retail Sales
  • Real Estate
  • Commercial Complex
  • Oil & Gas
  • Manufacturing
  • Construction
  • Electric Utilities
  • Mining
  • Transportation & Logistics
  • Others

Fuel

  • Diesel
  • Gas
  • Hybrid

  Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Italy
  • Germany
  • UK
  • Russia Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

 

 

 

Key Benefits of the Report

  • This study presents the analytical depiction of the Generator Sets Market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Generator Sets Market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Generator Sets Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Generator Sets Market analysis based on competitive intensity and how the competition will take shape in coming years
 
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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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